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Bitcoin price analysis
Bulls have struggled for dominance this week, with several cryptos posting losses while others gained. Bitcoin (BTC) has seen some bull activity this week, recording a weekly increase of 2.6% as Bitcoin price is at $26.5K. Bitcoin has a market cap of $517B as the trading volume stood at $6.8B as of press time.
Volatility on Bitcoin price for the week has been relatively stable as the Bollinger bands move closer to each other. However, BTC’s relative strength indicator is moving below its average line, indicating some bear dominance still on BTC as the MACD indicator hovers in the red zone, close to a shift to the green zone.
Ethereum price analysis
Ethereum (ETH) has also seen slight bull activity as the asset’s weekly rise now stand’s at 0.19% as Ethereum price stands at $1,630. Ethereum has a current market cap of $196B, as the trading volume now stands at $2.7B.
Volatility levels on Ethereum price have also been low over the week as the Bollinger bands now move at a relatively close distance. In contrast, the RSI indicator moves below its average line, showing bear activity on Ethereum as bulls and bears struggle for dominance as the MACD moves in the red zone.
Tron price analysis
Tron (TRX) has also seen slight bull activity as the asset’s weekly rise now stand’s at 5.8% as Tron price stands at $0.0833. TRX has a current market cap of $7.4B, as the trading volume now stands at $142M.
Volatility levels on Tron price have also been low over the week as the Bollinger bands now move at a relatively close distance. The RSI indicator moves above its average line, showing bull activity on Tron as bulls dominated the week as the MACD moves close to the green zone.
Toncoin price analysis
Toncoin (TON) has seen massive bull activity this week as the asset’s weekly rise now stand’s at 34% as Toncoin price stands at $2.37. Toncoin has a current market cap of $8.1B, as the trading volume now stands at $83.9M.
Volatility levels on Toncoin price have been high over the week as the Bollinger bands now move at a far distance from each other. The RSI indicator moves high above its average line, showing bull activity on Toncoin as the MACD moves in the green zone.
Bitcoin Cash analysis
Bitcoin cash (BCH) has also seen bull activity as the asset’s weekly rise now stand’s at 11.7% as Bitcoin Cash price stands at $211.9. Bitcoin cash has a current market cap of $4.1B, as the trading volume now stands at $159M.
Volatility levels on Bitcoin cash price have also been low over the week as the Bollinger bands now move at a relatively close distance. In contrast, the RSI indicator moves below its average line, showing bear activity on Bitcoin cash as bulls and bears struggle for dominance while the MACD also moves in the red zone close to the neutral line.
